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Amending Chapter 2 Entitled Tax Abatement Procedures
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Amending Chapter 2 Entitled Tax Abatement Procedures
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Last modified
2/22/2013 11:23:46 AM
Creation date
2/22/2013 11:23:44 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
7/14/1986
Ord-Res Number
7661-86
Bill Number
55-86
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(b) The annual report shall include the following <br /> information: <br /> 1. The name and address of the person(s) filing the <br /> report. <br /> 2. The amount of real and/or personal property taxes <br /> paid for the property during the year 14/16 160/ <br /> 0446At¢j before the property was declared as an <br /> economic revitalization area and during the <br /> IV$3 U93144 most recent tax year. <br /> 3. The current number of part-time jobs and fulltime <br /> jobs, specifying whether permanent or temporary, <br /> and the number of such jobs as of the end of the <br /> year immediately prior to receiving tax <br /> abatement. <br /> 4. The names of local and/or minority contractors <br /> used during the renovation of the real property <br /> and/or installation of new manufacturing <br /> equipment for which tax abatement was received. <br /> 5. The number of minorities hired for fulltime jobs <br /> and for part-time jobs, specifying whether such <br /> jobs are permanent or temporary, since the <br /> completion of the project for which tax abatement <br /> was given. <br /> (c) The att/011ea Department of Economic <br /> Development shall forward information provided in parts 2, 4 and <br /> 5 of subsection ( 6) from each annual report to the Minority Affairs <br /> Council for its review. <br /> (d) The Department of Economic Development shall file <br /> a summary report on or before March 31 with the City Clerk and <br /> Common Council detailing the number of tax abatement petitions <br /> filed for the preceding year, the number granted, the number of <br /> taxes abated as estimated by the petitioner, and other relevant <br /> information. <br /> Section 2-79. Review by Common Council. <br /> The Common Council shall review at least every two ( 2) <br /> years the tax abatement procedures established by this Article. <br /> SECTION II. This ordinance supercedes and rescinds any <br /> previous ordinances or resolutions concerning tax abatement <br /> procedural matters passed by the Common Council, including but not <br /> necessarily limited to Ordinance No. 7428-85 and No. 7452-85. <br /> SECTION III. This ordinance shall be in full force and <br /> effect from and after its passage by the Common Council and <br /> approval by the Mayor. <br /> / / <br /> • <br />
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